Spanish Forward Gas Update – 27/01/2021
On the last day reported on the Spanish forward gas market (January 26th), reference prices decreased due to the fall of European prices.
On the 26th, 94.6 GWh were traded for delivery in Feb-21. There were no exchanges reported in longer-term contracts.
Regarding reference prices:
Feb-21 price decreased to 21.43 €/MWh (-0.60 €/MWh).
Q2-21 price moved down to 17.19 €/MWh (-0.41 €/MWh).
Cal-22 price was 17.67 €/MWh (-0.01 €/MWh).
On the 26th, Brent barrel price increased to 55.91 $/bbl (+0.03 $/bbl) and CO2 Dec-21 price moved up to 33.35 €/t (+0.19 €/t).
On the European gas markets: on the 26th TTF MA price decreased to 19.51 €/MWh (-0.68 €/MWh) and PEG MA price went down to 19.50 €/MWh (-0.73 €/MWh). TTF Cal-22 was traded at 16.40 €/MWh (-0.02 €/MWh).